What is ‘normal’?

par Andrew Mulliner

il y a 2 jours

In a post quantitative easing (QE) world, central bank balance sheets in many countries have expanded to extreme levels, while many commentators have despaired that these balance sheets will never return to ‘normal’ levels again. Andrew Mulliner, Portfolio Manager Global Bonds, asks: just what is ‘normal’?

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Catching falling angels: finding opportunities in crossover credit

par Brent Olson, Seth Meyer

il y a 2 jours

​A growing segment of BBB rated securities are priced to fall into the high yield market. In our view, this trend could create opportunities for investors who are willing to look across both the ratings spectrum and credit sectors, say Portfolio Managers Seth Meyer and Brent Olson.

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Fed leaves market with cliffhanger

par Nick Maroutsos

il y a 3 jours

​The US Federal Reserve lowered its benchmark rate at its September meeting, but is divided about whether further cuts will be needed this year. Co-Head of Global Bonds, Nick Maroutsos, says the stance creates uncertainty for investors and ignores structural challenges in the global economy.

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Quick view: ECB - Super Mario 2 (kitchen sink edition)

par Andrew Mulliner

il y a 1 semaine

Andrew Mulliner, Portfolio Manager on the Global Bonds Team, reflects on the European Central Bank’s decision to cut rates and bring back quantitative easing.

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Absolute Return Income : positionnement dans une économie politisée

par Nick Maroutsos

il y a 2 semaines

Au cours de cette brève séance de questions et réponses, Nick Maroutsos, co-responsable de la gestion obligataire internationale, passe en revue le tableau macroéconomique et la façon dont celui-ci détermine les décisions d'investissement dans le cadre des stratégies Absolute Return Income.

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The importance of being active: why passive exposure in high yield is not enough

par Brent Olson, Seth Meyer

il y a 2 semaines
​The US high yield market’s modest return in August obscured significant divergence of returns within the index. Portfolio Managers Seth Meyer and Brent Olson discuss why this dispersion demonstrates that opportunities exist in high yield, and why they believe active management is a key component of capitalising on those opportunities. ​
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Attaching a price to bond market liquidity

par John Fujiwara

il y a 1 mois

​Portfolio Manager John Fujiwara and Research Analyst Lucy Holden discuss how low yields and volatile markets reinforce the risk premium commanded to provide bond market liquidity.

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Learning from Argentina: The importance of balance in bond portfolios

par Seth Meyer

il y a 1 mois

​The sudden rise of populist presidential candidate Alberto Fernández shook the Argentine markets and raised alarm bells among global bond investors. Portfolio Manager Seth Meyer discusses the lessons this volatility raises for bond investors, reminding them of the importance of trying to balance income and total return.

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Argentina: tears flow as markets tumble

par Jennifer James

il y a 1 mois

​​Jennifer James, portfolio manager within the Global Bonds Team, discusses the fallout from the shock primary election results in Argentina in August, exploring what this might mean for Argentina's asset markets and other emerging economies.

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Volatility warrants caution in US high yield

par Seth Meyer

il y a 1 mois
In a period of falling interest rates, yield is valuable, and high yield therefore remains an attractive asset class. However, with increased interest rate volatility and uncertainty around economic growth, Portfolio Manager Seth Meyer says a cautious approach and a focus on strong company fundamentals are warranted.
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Suppression de la commission de performance pour certains fonds

par 

il y a 2 mois

 

 
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Quick view: Fed turns a page, cuts rates

par Nick Maroutsos

il y a 2 mois

​Nick Maroutsos, Co-Head of Global Bonds, discusses the US Federal Reserve’s first rate cut in more than a decade and what it means for investors.

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Quick view: (ECB) shock and bore

par Andrew Mulliner

il y a 2 mois

The European Central Bank (ECB) meeting on 25 July was billed as the most important ECB meeting of the last few years. Andrew Mulliner, Portfolio Manager within Global Bonds, reflects on the outcome of this highly anticipated session.

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Convergence returns to the fore

par James Cielinski

il y a 2 mois

​Jim Cielinski, Global Head of Fixed Income, provides his perspective on the recent slowdown in global growth and discusses the next steps for central banks.

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Mondialisation : Désolé, Donald, ça ne va pas changer de sitôt !

par James Cielinski

il y a 2 mois

Jim Cielinski, Global Head of Fixed Income, explique pourquoi la mondialisation est là pour de bon malgré un populisme grandissant.

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Dette asiatique : lorsque les performances peuvent réellement refléter le risque

par Nick Maroutsos

il y a 2 mois

Nick Maroutsos, co-responsable de la gestion obligataire internationale, présente quelques-unes des raisons pour lesquelles la dette asiatique hors Japon est potentiellement intéressante pour les investisseurs obligataires tournés vers l’international.

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Haut rendement : repousser les limites

par Seth Meyer, Tom Ross

il y a 2 mois

À court terme, le prix des actifs devrait bénéficier de l’inclination pour une politique monétaire mondiale plus accommodante, mais Tom Ross et Seth Meyer, gérants de portefeuille, font remarquer qu’une prolongation du cycle du crédit ne doit pas inciter les investisseurs à renoncer à la sélectivité au sein des obligations à haut rendement.

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Tug of war: slowing growth versus easing monetary policy

The US Federal Reserve’s policy shifts have helped support markets in 2019. US Fixed Income managers, Darrell Watters, Mayur Saigal and Mike Keough, share their views on the likelihood, timing and scale of any rate cuts in the coming months.

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Downturn implications and a reconvergence of rates

par Jenna Barnard

il y a 2 mois

​Jenna Barnard, Co-Head of Strategic Fixed Income, explores the options for meaningful policy easing by developed market central banks in the face of the current downturn in global activity.

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Investment themes that matter - Market GPS discussion
In this video, Co-Head of Equities Alex Crooke, Global Head of Fixed Income Jim Cielinski and Global Head of Multi-Asset and Alternatives Michael Ho explore the key themes shaping the investment landscape for the second half of 2019. Aligning with the Janus Henderson Mid-Year Market GPS outlooks, the discussion assesses potential impacts and opportunities for investors in the months ahead.
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